Chairs DLF, India's most valuable real estate company, run by his son Rajiv who is vice-chairman.

Chairs DLF, India's most valuable real estate company, run by his son Rajiv who is vice-chairman. Stock has fallen 30% in past year, mainly on concerns over mounting debt estimated at $3.8 billion. Merged DLF Assets, family's private arm, into a DLF subsidiary. Ditched plan to build a mall in Mumbai replacing it with a luxury residential project. Also building luxury holiday villas, branded Sama, at tourist hotspots. Denies reports that it wants to sell holding in hotel chain Aman Resorts. DLF Pramerica is its insurance joint venture with Prudential. Patriarch's granddaughters, Savitri and Anushka, both Wharton grads, have joined DLF.